Cerrado Gold Second Quarter 2024 Earnings: EPS: US$0.01 (vs US$0.005 loss in 2Q 2023)

Simply Wall St · 08/30 10:33

Cerrado Gold (CVE:CERT) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$34.7m (up 64% from 2Q 2023).
  • Net income: US$1.03m (up from US$428.0k loss in 2Q 2023).
  • Profit margin: 3.0% (up from net loss in 2Q 2023).
  • EPS: US$0.01 (up from US$0.005 loss in 2Q 2023).
earnings-and-revenue-history
TSXV:CERT Earnings and Revenue History August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cerrado Gold Earnings Insights

Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 7.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Cerrado Gold has 5 warning signs (and 3 which can't be ignored) we think you should know about.